S 
0.12
-3.97%
Close of 9 Nov 2026, in HKD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in HKD, from our data supplier.
Revenue
HK$161.9m
FY2016FY2025
Net income
−HK$19.3m
FY2016FY2025
Free cash flow
−HK$57.6m
FY2016FY2025
Shareholders' equity
HK$110.0m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | HK$161.9m | HK$150.0m | HK$143.4m | HK$185.0m | HK$154.3m | HK$173.5m | HK$220.3m | HK$251.8m | HK$178.6m | HK$134.1m |
| Gross profit | HK$16.2m | HK$9.8m | HK$7.9m | HK$22.5m | HK$17.1m | HK$22.8m | HK$30.3m | HK$48.3m | HK$29.6m | HK$21.0m |
| Operating income | −HK$17.8m | −HK$4.1m | −HK$28.6m | −HK$23.5m | −HK$41.4m | −HK$7.6m | HK$4.3m | HK$21.2m | HK$6.9m | HK$14.2m |
| Net income | −HK$19.3m | −HK$3.1m | −HK$30.3m | −HK$24.6m | −HK$42.6m | −HK$2.3m | HK$2.3m | HK$12.9m | HK$3.5m | HK$11.2m |
| Diluted earnings per share | -0.01 | -0.00 | -0.03 | -0.02 | -0.05 | -0.00 | 0.00 | 0.02 | 0.00 | 0.01 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | HK$168.9m | HK$138.1m | HK$132.7m | HK$188.1m | HK$235.5m | HK$181.4m | HK$181.7m | HK$153.7m | HK$100.4m | HK$77.4m |
| Cash and short-term investments | HK$17.5m | HK$6.0m | HK$362,000 | HK$10.9m | HK$9.7m | HK$23.6m | HK$13.9m | HK$28.3m | HK$2.3m | HK$5.8m |
| Total liabilities | HK$58.9m | HK$88.7m | HK$91.3m | HK$116.3m | HK$139.1m | HK$99.4m | HK$97.4m | HK$71.6m | HK$69.6m | HK$50.3m |
| Debt | HK$13.1m | HK$7.2m | HK$9.4m | HK$34.1m | HK$57.8m | HK$39.8m | HK$35.4m | HK$12.5m | HK$19.9m | HK$18.7m |
| Shareholders' equity | HK$110.0m | HK$49.4m | HK$41.5m | HK$71.8m | HK$96.4m | HK$82.0m | HK$84.3m | HK$82.0m | HK$30.8m | HK$27.2m |
| Shares outstanding | 1,347m | 1,074m | 1,050m | 1,050m | 800m | 800m | 800m | 800m | 800m | 1,622m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −HK$57.5m | −HK$4.3m | HK$7.5m | HK$7.3m | −HK$21.1m | HK$14.9m | −HK$26.6m | −HK$7.9m | HK$2.5m | HK$3.5m |
| Capital spending | −HK$108,000 | −HK$118,000 | — | −HK$199,000 | −HK$66,000 | −HK$5.2m | −HK$7.8m | −HK$1.1m | −HK$1.0m | −HK$2.6m |
| Free cash flow | −HK$57.6m | −HK$4.4m | HK$7.5m | HK$7.1m | −HK$21.2m | HK$9.7m | −HK$34.3m | −HK$9.0m | HK$1.5m | HK$882,000 |
| Dividends paid | — | — | — | — | — | — | — | — | — | −HK$954,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | HK$79.7m | HK$39.8m | HK$90.4m | HK$45.2m | HK$35.8m | HK$35.8m | HK$31.9m | HK$31.9m |
| Gross profit | HK$7.8m | HK$3.9m | HK$9.7m | HK$4.9m | HK$3.3m | HK$3.3m | −HK$627,500 | −HK$627,500 |
| Operating income | HK$898,000 | HK$449,000 | HK$420,000 | −HK$9.0m | HK$118,500 | HK$118,500 | −HK$2.6m | −HK$2.6m |
| Net income | HK$662,000 | HK$331,000 | −HK$19.5m | −HK$9.8m | HK$94,500 | HK$94,500 | −HK$2.1m | −HK$2.1m |
| Diluted earnings per share | 0.00 | 0.00 | -0.01 | -0.01 | 0.00 | 0.00 | -0.00 | -0.00 |
| Cash from operations | −HK$12.0m | −HK$6.0m | −HK$38.0m | −HK$19.0m | −HK$18.0m | −HK$9.0m | −HK$6.0m | −HK$3.0m |
| Total assets | HK$162.7m | HK$162.7m | HK$168.9m | HK$168.9m | HK$129.8m | HK$129.8m | HK$138.1m | HK$138.1m |
| Cash and short-term investments | HK$2.5m | HK$2.5m | HK$17.5m | HK$17.5m | HK$2.8m | HK$2.8m | HK$6.0m | HK$6.0m |
| Debt | HK$9.6m | HK$9.6m | HK$13.1m | HK$11.3m | HK$5.8m | HK$5.3m | HK$7.2m | HK$6.1m |
| Shareholders' equity | HK$110.7m | HK$110.7m | HK$110.0m | HK$110.0m | HK$49.6m | HK$49.6m | HK$49.4m | HK$49.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -4.3% | -1.4% | 2.2% |
| Operating income | -8.8% | 18.7% | — |
| Net income | -7.7% | 53.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 8.3% | 8.8% | 9.9% | 13.0% |
| Operating margin | -7.0% | -11.6% | -12.7% | -3.6% |
| Net margin | -7.2% | -12.1% | -12.6% | -4.5% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -20.2 | -35.8 | -0.8 | -0.3 | -0.9 | -3.4 | 5.4 | 1.4 |
| Price to sales | 2.4 | 0.8 | 0.2 | 0.0 | 0.3 | 0.0 | 0.1 | 0.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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